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Southern Binh Phuoc province is now home to 1,300 ha of cacao. With this, it ranks second in the country’s cacao growing area, only after the Mekong Delta province of Ben Tre.

Possibly speaking, farmers herein have been successful in developing a model to grow cacao in the shape of cashew and other plants. This model has contributed to help them save farmland and restructure their crops towards diversification, serving the local hunger eradication and  poverty alleviation program.

According to Nguyen Van Thoa, Chairman of Binh Phuoc’s Union of Science and Technology Associations, Binh Phuoc has climate and soil conditions suitable to the development of the model to grow cacao in the shape of other plants. Estimately, farmers can secure revenue between VND75mln and VND90mln from a ha of cashew and cacao.

The average price of cacao is around VND37,000 a kg. The price level at Cargill Vietnam Co. is VND40,000 a kg. If having good investment, the cacao-growing area in Binh Phuoc will reach from 30,000 ha to 50,000 ha with annual output of over 30,000 tons or 50,000 tons and export turnover between US$60mln and US$100mln in the 15 next years, contributing to improving the lives of 20,000 local households and placing jobs for 20,000 laborers in the mountainous areas of the province.

Reported by An Binh-Translated by K.T